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ST Index drops as selling resumes

Eighth loss in nine sessions as market comes under China, HK and Dow futures pressure

Straits Times Index.jpg

TUESDAY'S rise in the Straits Times Index (STI) proved very short-lived as the selling resumed on Wednesday, the index dropping 30.7 points or 1.05 per cent to 2,886.08 for its eighth loss in nine sessions. Weakness in the Dow futures which signalled a soft day for Wall Street on Wednesday...